McDaid Bros Group Ltd Filleted accounts for Companies House (small and micro)
McDaid Bros Group Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06422595
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Net assets |
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Statement of Financial Position (continued) |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
8 April 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06422595
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Notes to the Financial Statements |
Period ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Station Approach, off Oldfield Lane North, Greenford, Middlesex, UB6 0AL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Impairment of fixed assets
Finance leases and hire purchase contracts
Government grants
4.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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Depreciation |
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At 1 January 2020 |
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Charge for the period |
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At 31 December 2020 |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery |
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£ |
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At 31 December 2020 |
– |
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At 31 December 2019 |
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5.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
– |
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6.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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– |
Other creditors |
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7.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Other creditors |
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------- |
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8.
Financial instruments
9.
Related party transactions
The company was under the control of
Mr L McDaid
throughout the current and previous year. Mr L McDaid
is the managing director and majority shareholder.